First On CNBC: Disney CEO Bob Chapek Dives Into the Latest Quarter
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 10 November 2021
⏱️ 47 minutes
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| 0:00.0 | Live in the Nasdaq Marketside overlooking New York City's Times Square. |
| 0:05.0 | This is Fast Money. |
| 0:06.0 | I'm Melissa Lee. |
| 0:07.0 | Tonight's Trader lineup. |
| 0:08.0 | Tim Seymour, Karen Feinerman, Steve Grasso, and Pete Najarian, co-founder of MarketRebellion.com. |
| 0:12.0 | Tonight on Fast, burning a rubber, revying and soaring in its market debut. |
| 0:16.0 | So is this the EV stock to bet on? |
| 0:18.0 | Plus, check out this monster move in a firm, the stock of soaring in the after hours on earnings. |
| 0:22.0 | We'll write down the numbers straight ahead. |
| 0:24.0 | And later, inflation nation consumer prices seeing their biggest annual jump |
| 0:28.0 | in more than 30 years, how you can hedge yourself against rising prices. |
| 0:33.0 | But first, we start with an earnings alert on Disney. |
| 0:36.0 | The stock is down 3% to the after hours trading session after reporting a major miss for Disney plus subscribers. |
| 0:41.0 | The call is underway right now. |
| 0:43.0 | Let's get straight to Julie Borson, who's got the details. |
| 0:45.0 | Julia. |
| 0:46.0 | Melissa, that's right. |
| 0:47.0 | Disney missing expectations on the top and bottom line, reporting earnings of $0.37 for share versus the $0.51 that were estimated. |
| 0:55.0 | Revenue of 18.5 billion falling short of the 18.8 billion analysts projected. |
| 1:01.0 | And that all important Disney plus subscriber number. |
| 1:04.0 | The company added just about 2 million subscribers. |
| 1:07.0 | Now, that was in line with a slow down that CEO Bob Chapeck warned about. |
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